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Bas_tet [7]
3 years ago
6

Run Like the Wind sells ceiling fans. Target profit for the year is $470,000. If each fan's contribution margin is $32 and fixed

costs total $222,640, the number of fans required to meet the company's goal is:a. 14,688
b. 6,958
c. 21,645
d. 7,730
Business
1 answer:
PSYCHO15rus [73]3 years ago
4 0

Answer:

c. 21,645

Explanation:

The computation of number of fans required to meet the company's goal is shown below:

= (Fixed cost+ target profit) ÷ (Contribution margin per unit)  

= ($222,640 + $470,000) ÷ ($32)

= ($692,640) ÷ ($32)

= $21,645

The contribution margin per unit = Selling price per unit - Variable expense per unit  

Therefore, the number of fans equal to $21,645  

We calculated by above formula.

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Larry Nelson holds 1,000 shares of General Electric (GE) common stock.
Anna35 [415]

Answer:

$82,000

Explanation:

The computation of the current investment is shown below:

Current investment = Number of shares of common stock × price per share

= 2,000 shares × $41 per share

= $82,000

By multiplying the number of shares of common stock with the price per share we can get the current investment in the company

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
Hernandez Builders has a gross payroll for January amounting to $500,000. The following amounts have been withheld: Federal inco
sattari [20]

Answer:

Net pay is  $383,750

Explanation:

Hermandez builders net pay can be computed by deducting the following from the gross payroll amount:

Federal income taxes

social security

medicare

charitable contributions

union dues

The net pay is computed thus:

Gross payroll pay                                                      $500,000

Federal income taxes                              $63,000

Social security                                          $31,000

medicare                                                  $7,250

charitable contributions(1%*$500000)  $5,000

union dues (2%*$500000)                     $10,000    

                                                                                ($116,250)

Net pay                                                                     $383,750  

3 0
3 years ago
Why would it be helpful for you to study ethics in short periods of time rather than long periods
maxonik [38]

Answer: Ethics and Human Interface: Essence, determinants and consequences of Ethics in human actions; dimensions of ethics; ethics in private and public relationships.

Explanation:

5 0
11 months ago
Blue Company produces Trivets. Based on its master budget, the company should produce 13,000 Trivets each month, working 14,500
notsponge [240]

Answer:

14.277 hours.

Explanation:

Please see attachment.

4 0
3 years ago
Financial markets make the process of borrowing large amounts of money easier because they simplify the negotiation process betw
Mekhanik [1.2K]

Answer:

Reducing risk

Explanation:

The two ways by which risk can be managed are;

✓ Risk avoidance

✓ risk reduction

risk reduction are activities needed to bring about lower likelihood of risk as well as severity of loss. We can reduce risk through reduction of allocation of our resources to risky situation. An example of reducing risk is in the instance of Financial markets that are making the process of borrowing large amounts of money easier because they simplify the negotiation process between borrowers and lenders.

3 0
2 years ago
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